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Golden Energy and Resources

Golden Energy and Resources

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ghchua Offline
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#61
26-05-2023, 02:57 PM
Hi Ben,

Your understanding is correct. If delisting is not approved at the EGM, then the exit offer will lapse.
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Ben Offline
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#62
26-05-2023, 07:17 PM
Thank you very much ghchua, much appreciation!
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fruitfulness Offline
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#63
27-05-2023, 12:13 AM
If delisting is approved at EGM, shareholders will be asked whether they want to receive distribution in specie in GEMS shares or cash ($0.792 per share) in a separate notice.
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weijian Offline
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#64
10-06-2023, 10:50 AM (This post was last modified: 10-06-2023, 10:50 AM by weijian.)
After excluding the votes from related parties, pretty overwhelming approval it seems.

RESULTS OF EXTRAORDINARY GENERAL MEETING UPDATE ON DISTRIBUTION CONDITIONS AND EXIT OFFER CONDITIONS NOTICE OF COURT HEARING DATE TO APPROVE THE CAPITAL REDUCTION

Special Resolution 2 Voluntary Delisting of the Company pursuant to Rules 1307 and 1309 of the Listing Manual ("Delisting Resolution")

Total 508,463,022 -  507,902,162 99.89% FOR, 560,860 0.11% AGAINST

https://links.sgx.com/FileOpen/20230609%...eID=761992
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.
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